FXSpotStream’s September ADV Jumps over 6% MoM

FXSpotStream, the aggregator service of LiquidityMatch and a major institutional platform in the FX market, has posted its trading volume numbers for September, showing a significant jump in monthly numbers and average daily volume (ADV) as well.

The forex trading venue saw total trades worth over $961.4 billion in September, compared to $864.4 billion in the previous month. That was a month-on-month jump of more than 11 percent.

That resulted in an ADV of $43.7 billion for the month, a jump of 6.2 percent from the previous month. Year-on-year, that was an increase of 17 percent. Additionally, the platform highlighted that it was the third-highest ADV it recorded so far.

Similar to other platforms, FXSpotStream saw a massive demand in March due to the effect of Coronavirus on financial markets. That month, the Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term recorded a total volume of $1.37 trillion, the highest since its establishment.

Despite the heavy correction in the market from that massive spike, FXSpotStream is again seeing a healthy uptrend. Indeed, the platform’s ADV was above $40 billion for the past four consecutive months.

Other institutional and retail brokerages are also reporting a similar trend after their volumes slumped post-March.

Growing Team and Offerings

Meanwhile, the US-based platform is strengthening its sales team with two key hires, Hajime Tezuka and Rhys Bryan, Finance Magnates reported in August. The company additionally appointed Richard Kaltenbach as its General Counsel.

FXSpotStream is further bolstering its offerings and added Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term of major market players, including Societe Generale and Barclays. With this, the platform now has 15 liquidity providers.